Portfolio Monitoring Services
- Client
- Taunton, Massachusetts
- RFP Number
- BANKING-9213
- Posted
- —
- Category
- Banking Services
- Budget
- Looking for Proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe government authority located in Massachusetts requires a vendor to provide portfolio monitoring services. The buyer permits performance of the work either onsite or offsite. Bidders must meet a specific eligibility criterion that restricts participation strictly to onshore, United States organizations. The buyer is currently looking for proposals and has not provided explicit budget figures, evaluation criteria, or key dates in the available summary. Because the main request for proposals document is not available on the website, potential bidders must request the detailed specification via email to review the full requirements.
Key solicitation details
AI-extracted from BANKING 9213 2026 08 13 06 13 25 32SIz 3VZiD bAj2J.pdf. Confirm against the original documents before bidding.
The Taunton Retirement Board is seeking qualified law firms to provide portfolio monitoring and fraud litigation services for the City of Taunton Contributory Retirement System. Portfolio monitoring and associated evaluation services will be provided at no cost to the Board. Selected firms will be retained on a contingency basis if the Board pursues securities litigation.
- Issued by
- Taunton Retirement Board
- Questions or Comments due
- 10/02/2026 by 12 noon
- Proposals due
- 10/16/2026 by 12 noon
- RFP review by board
- At its October 2026 regular meeting
- Interview of selected firms
- Either the November or December 2026 regular meeting
- Anticipated award
- By 12/16/2026
- How to submit
- Electronic via email
- Submission details
- Submit electronic responses via email to Mr. Paul J. Slivinski at [email protected] on or before October 16, 2026 by 12 noon.
- Contract term
- Shall not exceed seven (7) years, including any option for renewal
- Estimated value
- No cost to the Board for portfolio monitoring; contingency basis for legal action
- Place of performance
- Onsite or offsite; Board office located in Taunton, Massachusetts
- Insurance and bonding
- Professional liability insurance equal to or greater than $1,000,000
How proposals are evaluated
| Contact person information provided for business and non-business hours | |
| Firm history and experience providing securities litigation services to public pension funds | |
| Methodology for monitoring and evaluating investment portfolio without relying on third parties | |
| Reporting process and tracking of portfolio trading using internal professionals | |
| Quarterly reporting process when participating as lead plaintiff or passive class member | |
| Provision of online monitoring services, webinars, and client extranet | |
| Handling of litigation aspects, minimal involvement of Board staff, and reimbursement of Board counsel costs | |
| Qualifications and experience of assigned attorneys and professional personnel |
Scope of work
- Monitor invested assets for losses resulting from potential violations of federal or state securities laws or breach of duty
- Provide comprehensive securities monitoring and administration services along with expert legal advice, counsel, and litigation services
- Identify and monitor securities litigation in which the Board may have an interest using internal and external resources
- Advise the Board on litigation or arbitration opportunities, case assessments, lead plaintiff decisions, and class action status
- Represent the Board at all stages of litigation if engaged
- Assist in establishing a securities monitoring and securities litigation policy at the request of the Board
- Provide recommendations on case status, strategies, and potential settlements on an as-needed basis
- Issue monthly status reports on pending or potential litigation relative to the Board investments
Minimum qualifications
- Must be a qualified law firm
- Must register with the Board's designated contact before receiving RFP and submitting a proposal
Documents to include with the bid
- Statement of firm qualifications and experience
- Contact person details for follow-up during and outside business hours
- List of representative clients
- List of reference clients
- Certificate of insurance reflecting professional liability coverage
- Conflict of interest disclosure statement
- Disclosure of relationships with Fund Trustees or employees
- Statement regarding malpractice or professional discipline actions within the past 5 years
- PERAC Vendor Certification Form
- Signed Non-Collusion Certification Pursuant to M.G.L. c. 32, § 23B(k)(3)
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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